The amount of passive income I received this year amounted to:
- Stocks & Investments : 413,907
- Passive Business : 144,000
- Rental : 24,000
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Income for the year after tax: 581,907
Which gives me 48,492.25 per month of passive income.
I forgot to update the dividends received. I got busy with life. I am slowly getting back to my goal of 50k passive income. All is good and right on track. I hope to increase it to the next level of 100k per month.
Business # 1 is going strong. Nothing to be proud of. No growth in earnings. Its just earning the way it used to earn.
Business #2, I realized is a lousy business. I was losing 3,500 per month on that business. And I only managed to make it -1,000 monthly. That's the best I could do I suppose. The economics of the business is really bad. I did all I can. I think its time to give up on that.
More businesses created. The bump in income is because of some passive businesses I created. I think I am getting the hang of it and will pursue this kind of passive income.
The training in real estate investing also is bearing fruit. I bought my first rental property this year. Makes me happy. Already cashflow positive on its first month. I hope to buy my next property next year.
Sunday, December 30, 2018
Sunday, May 13, 2018
Dividends Received P1,103.95
Gross Amount (Php) : 1,226.61
Less Withholding Tax (Php) : 122.66
Net Amount (Php) : 1,103.95
Total Dividend Received (ytd): P229,661.38
Less Withholding Tax (Php) : 122.66
Net Amount (Php) : 1,103.95
Total Dividend Received (ytd): P229,661.38
Wednesday, April 25, 2018
Philippine Market is Falling And Its Tempting to Cash Out
The Philippine stock market has been falling lately. Experts say because of the interest rates, trade wars of China and USA. But nobody really knows why and up to what degree. I can only think for what a company is doing. The dividends I received which is documented on this site will be reinvested to companies that is the most deserving to receive it. Meaning, cheap, undervalued etc.
It is very tempting to just use that cash and enjoy life once in a while doesn't it? But this time is a rare time, where the stock prices are such a bargain. Maybe sometime in the future when we receive a dividend and stock prices are high, then we can enjoy a bit. But for now, we tighten that pants and reinvest the money so we keep that compounding machine running.
It is very tempting to just use that cash and enjoy life once in a while doesn't it? But this time is a rare time, where the stock prices are such a bargain. Maybe sometime in the future when we receive a dividend and stock prices are high, then we can enjoy a bit. But for now, we tighten that pants and reinvest the money so we keep that compounding machine running.
Dividend Received P96,392.88
Dividend Gross: P107,103.2
Tax: P10,710.32
Net: P96,392.88
Total Dividend Received Year to Date: P228,557.43
Tax: P10,710.32
Net: P96,392.88
Total Dividend Received Year to Date: P228,557.43
Monday, April 23, 2018
Dividend Received P54,945.00
Gross Amount (Php) : 61,050.00
Less Withholding Tax (Php) : 6,105.00
Net Amount (Php) : 54,945.00
Total Dividend Received Year to Date: P132,164.55
Less Withholding Tax (Php) : 6,105.00
Net Amount (Php) : 54,945.00
Total Dividend Received Year to Date: P132,164.55
Thursday, April 12, 2018
Dividend Received P59,047.2
Gross Dividend received: P65,608.
Tax: P6,560.8
Net Dividend Received: P59,047.2
Total net dividend received year to date: P77,219.55
Tax: P6,560.8
Net Dividend Received: P59,047.2
Total net dividend received year to date: P77,219.55
Tuesday, April 3, 2018
How the Businesses are Doing?
I think you would remember a couple of years ago I started a business with my relatives. And it did not go as planned and an unplanned hiatus came after because of all the stress that that has brought me. But I am happy to say that the problem was solved (management / partner problem) and that business is still going strong.
As you may know with businesses, it is a very unpredictable source of income. During the first few years of the business, I was going under -P4,000 a month on that business. I did not quit, because I really like the business and I like the location. And today, after 2 years, that business is now giving me +P12,000 a month of income (I will not add this amount to the passive income that we are tracking). Still a small sum. But I learned a lot. The total amount that was invested in this business was around P500,000. I did fund it using my own money and money that gets poured into the business slowly during the 2 years that it was starting. Mainly because only when the business is running, shall you realize that you need more things to buy for the business.
With P500,000 invested and 12,000 per month in net profit, that's 29% return on investment. I should be getting my money back in 3.5 years or so.
It is a so so business. Nothing to be proud about. But it did taught me a lot.
With the success (and hardship) of starting that first business. I started another business a few days back. I am not in the front lines anymore as I have found someone to manage it. It is currently costing me -P3,500 a month right now. But it is still a small business with a small startup capital of just P100,000. Will I ever get to positive cashflow? I don't know. But I'm really curious to know.
While that was going on, I have enrolled myself to yet another course. I am venturing into real estate investing. So I enrolled myself in a training about real estate. All is still under my dream of having a farm. I realised that it might be time to start learning about owning land and managing people who would manage the land. So I guess, this is my first step into that direction. It is indeed an exciting time.
I also figured that it might be time to search for people who thinks like me. It is sometimes lonely. You have no one to talk to about this kinds of stuff, for the people around you were not really into business and investing and instead most are employees. So the idea of risking in business is an automatic prejudice that I am an idiot for wasting money in risky endeavours. Most people just don't get it. But I don't blame them. I know there are people out there who are the same as me. And I intend to find them and network with them.
Business 1
As you may know with businesses, it is a very unpredictable source of income. During the first few years of the business, I was going under -P4,000 a month on that business. I did not quit, because I really like the business and I like the location. And today, after 2 years, that business is now giving me +P12,000 a month of income (I will not add this amount to the passive income that we are tracking). Still a small sum. But I learned a lot. The total amount that was invested in this business was around P500,000. I did fund it using my own money and money that gets poured into the business slowly during the 2 years that it was starting. Mainly because only when the business is running, shall you realize that you need more things to buy for the business.
With P500,000 invested and 12,000 per month in net profit, that's 29% return on investment. I should be getting my money back in 3.5 years or so.
It is a so so business. Nothing to be proud about. But it did taught me a lot.
Business 2
With the success (and hardship) of starting that first business. I started another business a few days back. I am not in the front lines anymore as I have found someone to manage it. It is currently costing me -P3,500 a month right now. But it is still a small business with a small startup capital of just P100,000. Will I ever get to positive cashflow? I don't know. But I'm really curious to know.
A Step to the Dream
While that was going on, I have enrolled myself to yet another course. I am venturing into real estate investing. So I enrolled myself in a training about real estate. All is still under my dream of having a farm. I realised that it might be time to start learning about owning land and managing people who would manage the land. So I guess, this is my first step into that direction. It is indeed an exciting time.
I also figured that it might be time to search for people who thinks like me. It is sometimes lonely. You have no one to talk to about this kinds of stuff, for the people around you were not really into business and investing and instead most are employees. So the idea of risking in business is an automatic prejudice that I am an idiot for wasting money in risky endeavours. Most people just don't get it. But I don't blame them. I know there are people out there who are the same as me. And I intend to find them and network with them.
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